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I have both, a 2003 and a 2006.
For street riding, the 06 is much smoother, less vibration, and is easier to ride while sitting upright. Going fast requires you to duck down further than on the 03, as the windscreen has a much sharper rake and is shorter. The bike is smoother throughout the whole rpm range, but I am not certain how much of that is due to the bike, or the PC3 that is on it. Also switches to undertail exhaust, which looks a lot cleaner than the 03.
The 03 is more track oriented IMO. I can't give a truly equal comparison, because I have Pilot Powers on the 03 and the 06 came with some shitty Shinko's on it that don't turn worth a damn that I haven't replaced yet. Suspension is tighter on the 03, brakes feel much better on the 03 (though still very good on the 06), and the bike is easier to work on. It sounds a lot meaner than the 06.
However, testers on a track nonetheless can lap faster on a 05-06.
I love them both, but the styling of the 05-06 has grown on me, and now I like it more than the 03.
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